Cannard Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03966698 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Cannard Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A L Friedman

Mrs C Friedman

SECRETARY:

Mrs C Friedman

REGISTERED OFFICE:

Redland House

157 Redland Road

Redland

Bristol

BS6 6YE

REGISTERED NUMBER:

03966698 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Redland House

157 Redland Road

Redland

Bristol

BS6 6YE

FIXED ASSETS

Investments

4

1,000

1,000

CURRENT ASSETS

Debtors

5

197,856

198,856

Cash at bank

437

45

198,293

198,901

CREDITORS

Amounts falling due within one year

6

856

196,606

NET CURRENT ASSETS

197,437

2,295

TOTAL ASSETS LESS CURRENT LIABILITIES

198,437

3,295

CAPITAL AND RESERVES

Called up share capital

7

1,001

1,001

Retained earnings

8

197,436

2,294

SHAREHOLDERS' FUNDS

198,437

3,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:

Mr A L Friedman - Director

1.	STATUTORY INFORMATION

Cannard Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment property

The company's freehold property has been allocated as an investment property in accordance with the provisions of Statement of Standard Accounting Practice No. 19. The directors have not revalued this property as its original cost is not considered to be less than its market value at the Balance Sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2022

and 31 March 2023

1,000

NET BOOK VALUE

At 31 March 2023

1,000

At 31 March 2022

1,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Samkat Limited

Registered office:

Nature of business: Student Lettings

%

Class of shares:

holding

Ordinary

100.00

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Amounts owed by group undertakings

197,856

198,856

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Directors' loan accounts

256

196,006

Accrued expenses

600

600

856

196,606

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

751

Ordinary A

£1.00

751

751

250

Ordinary B

£1.00

250

250

1,001

1,001

8.

RESERVES

Retained

earnings

£

At 1 April 2022

2,294

Profit for the year

223,142

Dividends

(28,000

)

At 31 March 2023

197,436

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A L Friedman.